Using XBRL Technology to Extract Competitive Information from Financial Statements

Using XBRL Technology to Extract Competitive Information from Financial Statements

The eXtensible Business Reporting Language, or XBRL, is a reporting format for the automatic and electronic exchange of business and financial data. In XBRL every single reported fact is marked with a unique tag, enabling a full computer-based readout of financial data. It has the potential to impro...

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Bibliographic Details
Main Authors: Dominik Ditter, Klaus Henselmann, Elisabeth Scherr
Format: Article
Language:English
Published: Halmstad University 2011-12-01
Series:Journal of Intelligence Studies in Business
Subjects:
Financial Intelligence
XBRL
Competitive Intelligence
real-time Business Intelligence
Online Access:https://ojs.hh.se/index.php/JISIB/article/view/11/pdf
Description
Summary:The eXtensible Business Reporting Language, or XBRL, is a reporting format for the automatic and electronic exchange of business and financial data. In XBRL every single reported fact is marked with a unique tag, enabling a full computer-based readout of financial data. It has the potential to improve the collection and analysis of financial data for Competitive Intelligence (e.g., the profiling of publicly available financial statements). The article describes how easily information from XBRL reports can be extracted.
ISSN:2001-015X

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